Euro - dollar parity retreated to 1.0650 level. It is currently at 1.0690 level. In the euro - dollar parity, the euro is advantageous for investors who want to buy the euro, especially for investors who hold dollars, my prediction regarding the 1.12 and 1.15 levels on the euro side in 2024 is still valid, maybe if the dollar index falls below the 100 level before the end of the year, the euro - dollar parity may reach 1.10 levels. I often say that you can see it. I think the euro continues to provide good opportunities for those who want to buy euros.
Our expectation on the ounce gold side was realized. The $1830 support level was reached yesterday. Currently it is at the level of 1945 dollars. It recovered a little and even retreated to the 1928 dollar level. I will follow the 1960 resistance. We saw sales on the ounce side yesterday. My expectation for the ounce price of gold is $1930 strong support level. Inflation data will be announced today in America. Therefore, if there is pressure again and this $1960 resistance is broken, there is a support level of $1908 below. The band range I follow is 1908 - 1930 dollars. Now 1930 dollars has been realized. Our risk below is $1908. So, after the inflation figure, will the decline in ounce gold continue and fall to the 1908 dollar support level? I will search for the answer to this question. But even if the 1960 dollar resistance breaks upwards, there is the 1980 resistance above. Now, there is no answer to this question until the inflation figure is announced. So there is no need to buy dice. So let's see the market reaction when the inflation data is announced. After that, we will see together the decision of whether it will test the downside area or the upside resistance level after the inflation data is announced.
There is a support level of 21.80 in the gram price of silver. It is currently at the level of 22 - 23 dollars again. I do not foresee that the decreases will be permanent. Those who hold dollars should take this into consideration. 24 dollars per ounce are the levels I expected. We will continue to see a rapid rise. December is approaching. December is the month of silver.
There were sharp declines in oil prices last week. But I mentioned that these declines will not be permanent. It continues to fluctuate in the broadband range of $80 - $85. It currently closed the first trading day of the week with a 1% gain at $82.43. I do not foresee that the declines will be permanent. It may be in a trend targeting $90. But of course we will look at the incoming news feeds. Let's see what kind of news flows will come from Opec members and geopolitical tensions and they will show above the $ 90 level again. We will determine our road map here according to incoming news flows.
On the Bitcoin side, there were increases and attacks above the $ 37000 level last week. I say don't get excited at all. Currently, bitcoin is at $36893 on the first trading day of the week with 1% sellers. Again, the pressure continues to remain under pressure. This trend will definitely break upward one day. So, next thing you know, it will be 40000 dollars, next thing you will see it will be 45000 dollars, we will see these levels soon. It's no surprise, but since there are areas violated below, it needs to make a regression again. That's why those who trade in cryptos need to be very sensitive. Inflation data in America tomorrow is important. There will be fluctuation in the markets after the inflation data is announced. Volatility will not indicate the formation of a Trend.
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